Black Book: Weekly Market Update
All nine car segments decreased last week.
All nine car segments decreased last week.
The first week of July, there was a slight increase in auction volume and more repossessions hitting the lanes.
The Used Retail Active Listing Volume Index currently sits at 1.01 points, above the 1.00 mark for the first time this year.
All but one of the nine car segments decreased last week.
Sub-Compact Car reported the largest drop last week, down -0.75%. The prior week, the segment also had the largest decline for cars, with a decrease of -0.89%.
Analysts predict downward shift over the last two months will continue.
Declines continued throughout the entire market last week, with the exception of one segment, Sporty Car, which was up only +0.04%.
Auction conversion rates increased for the first time in four weeks. More buyers were in the lanes and online last week than in prior months.
Truck segments reported an accelerated rate of depreciation and the largest single week decline since late January.
Ten of the 13 truck segments reported decreases last week.
The secure and easy all-access connection to your content.
Bookmarked content can then be accessed anytime on all of your logged in devices!
Already a member? Log In